Robust governance practices are a fundamental foundation for a sustainable business. Our Sustainability Committee is composed of Board and Executive Committee members and reports to The Gym Group plc Board to ensure sustainability is at the core of our business. The Committee has oversight of corporate responsibility for sustainability, reviews sustainability targets and commitments and oversees the assessment of climate-related risks and opportunities, including the requirements of the Task Force on Climate Related Financial Disclosures (‘TCFD’). The Committee receives reports from three key workstreams:
- Equality, Diversity and Inclusion (‘EDI’)
- Environmental, Social and Governance ('ESG')
- Health, Safety and Wellbeing
Our Board shares The Gym Group’s passion for a sustainable business and the delivery of affordable fitness for all. The participation of executive members in the Sustainability Committee demonstrates our commitment to integrating sustainability into the heart of our business decisions.
The Sustainability Committee usually meets four times a year and, where required, escalates relevant matters to the Board for consideration. In between meetings of the Sustainability Committee, the Board regularly considers reports on other sustainability-related matters such as Health and Safety.
Further information on our sustainability governance can be found in our 2023 Annual Report on pages 90 to 91.
Alignment to sustainability standards
We are committed to being open in disclosing our sustainability performance and are continually reviewing and improving our reporting processes. Our annual sustainability report aligns to the Global Reporting Initiative (‘GRI’) standards (Core Option). In addition, our reporting aligns with the Sustainability Accounting Standards Board (‘SASB’) standards. In aligning with global standards, we ensure that we continue to provide our varied stakeholders with clear, concise information that demonstrates how we are progressing with our material topics. The GRI Content Index and SASB Content Index can be found on our website.
In 2023, we had our net zero target certified by the Science Based Targets initiative (‘SBTi’) and joined the Business Ambition for 1.5⁰C and the UN Race to Zero. We have also made a full disclosure to the Carbon Disclosure Project (‘CDP’) and will continue to make an annual submission.
We are embracing the Task Force on Climate-Related Financial Disclosures (‘TCFD’) and have published our disclosures in line with the Task Force’s recommendations across four thematic areas: governance, strategy, risk management, and metrics & targets within our 2023 Annual Report. We acknowledge the iterative nature of the TCFD, and we will continue to refine our approach as we develop our understanding of the climate-related financial risks and opportunities to our business.